SEC Chairman Christopher Cox met yesterday with Chairman Arthur Docters van Leeuwen of the Committee of European Securities Regulators (CESR) to discuss International Financial Reporting Standards and other potential agenda items for collaborative efforts in 2006. The chairmen expressed their support for continued close interaction to maintain and promote investor protection and market integrity in the transatlantic capital markets. Chairman Cox also informed Chairman Docters van Leeuwen of the SEC’s rule proposal on deregistration requirements for foreign issuers, which the Commission earlier in the day had voted to publish for public comment.
Chairman Cox noted that, “The SEC and CESR are facing many of the same issues relating to the increasingly cross-border nature of the world capital markets. Together we will more effectively be able to address the regulatory issues that are raised by market participants that operate in multiple jurisdictions. I look forward to continuing and strengthening the SEC-CESR relationship.”
See full Press Release.
Posts
